Hi,

What are peoples opinions of this company seems to be doing well, big demand in China:

http://news.bbc.co.uk/1/hi/world/africa/default.stm

Anyone holding this share?

Cheers

Central Afr. Min&Exp Further Update re Licences


RNS Number:1934E
Central African Mining&Exploration
20 September 2007

Thursday 20th September 2007


Central African Mining & Exploration Company Plc
('CAMEC' or 'the Company')

Response to Statement Distributed by Bell Pottinger

CAMEC, the fully integrated exploration, mining and production company, notes
the statement issued to media by Bell Pottinger on 19 September 2007 quoting a
spokesman for the government of the Democratic Republic of the Congo ("DRC").
This statement appears to suggest that the ruling in favour of CAMEC, issued by
Le Tribunal de Grande Instance on 18 September 2007, endorses only "the transfer
of the apparent licences from one commercial body to another in 2004", and that
"the "licences" were improperly obtained originally and are still invalid".

This is not what the CAMEC announcement said and the Company believes that the
statement issued by Bell Pottinger is erroneous and misleading. The ruling from
the Court clearly refers to the original transfer in 2004 from Gecamines, the
State owned mining company in the DRC, of licences C19 and C21 to CAMEC's
subsidiary Boss Mining, licences C17 and C18 to Kababankola Mining Company
("KMC"), and of the Mukundo deposit to Mukondo Mining (jointly owned by Boss
Mining and KMC). The Court ruled that these transfers were made in accordance
with the law and are therefore valid. The Court also upheld the Settlement
Agreement made in February 2004 pursuant to which all these licences were
transferred.

CAMEC is concerned about the misinformation in the market created by the
statement and will be writing to Bell Pottinger to ask them to issue a
statement immediately to correct any misunderstanding.

Andrew Groves, Chief Executive of CAMEC, said:

"There has either been a deliberate attempt to mislead the market as to the true
nature of the court ruling, or there has been a negligent failure to check the
facts before the issuance of a press release. Given the importance of this
matter to CAMEC and its shareholders, we are reviewing all options open to us to
prevent the further dissemination of erroneous information into the market
place."


For further information please visit www.camec-plc.com or contact:


Phil Edmonds / Andrew Groves CAMEC Tel: 0845 108 6060
Jonathan Wright Seymour Pierce Tel: 020 7107 8000
Ben Brewerton / Jon Simmons Financial Dynamics Tel: 020 7269 7279

anyone holding CFM?

what an odd question do you hold?

I do hold, this has been going down any news?

so do I ... nice to have company

kate ..... not another company where that skunk Edmonds is involved!! ...... he makes Timmis combined with Indonesia look like Snow White!

good stuff coming here mr Cynic, I never let you down.

guess i would trust you more than that snake Edmonds, though that is rather damning with faint praise!

Well TMC has 3 bagged since I brought to people's attention, expect better here.

shall i buy some and promise you a big kiss when you are proven correct (again!)?

Hope you did buy some cynic, another bit of news and a tick up ::)))

yes i did ... a very modest 40k (shares!), which felt to be more than enough at the time, and i doubt i shall add either - or at least not for the mo

Tell us when your puckering up then, we got to see this, Kate braise yourself!! lol.

greed overcame me and a further 25k @ 9.25 looked too good an offer to refuse.

there's a limerick about he young lady from Australia too!
Kate - it would be a pleasure, even if not necessarily mutual

Care to tell us the limerick??

Really ancient schoolboy one, as shown by use of "real" money ....

There was a young girl from Australia
Who painted her bum like a dahlia.
A penny a smell was all very well
But twopence a kiss was a failure

Cynic could you stay away from my stock, it stopped going north the moment you came in now look what you've done. :))

chuckle chuckle!

This looks positive, Heres the gist of the article:-
Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eyeing the wrong metal.
China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

John Reade, metals chief at UBS, said Beijing may have a made strategic decision to stockpile metal as an alternative to foreign bonds. "We're very surprised by Chinese demand. They are buying much more copper than they will need this year. If this is strategic, there may be no effective limit on the purchases as China's pockets are deep."

If his thoughts reflect Communist Party thinking, it would explain the bizarre moves in commodity markets over recent weeks. Copper prices have surged 49pc this year to $4,925 a tonne despite estimates by the CRU copper group that world demand will fall 15pc to 20pc this year as construction wilts.

This is slightly disingenuous. China has the world's largest reserves - $1.95 trillion, mostly in dollars - because it has been holding down the yuan to boost exports. This mercantilist strategy has reached its limits.

Beijing may yet buy gold as well, although it has not done so yet. The gold share of reserves has fallen to 1pc, far below the historic norm in Asia. But if a metal-based currency ever emerges to end the reign of fiat paper, it is just as likely to be a "Copper Standard" as a "Gold Standard".

On it's way up again, hope Cynic's out of these....lol